James Anderson

We start this week with some highlights from a current billionaire bond king, Scott Minerd recorded this past Monday, October 19th, 2020. In an hour-long discussion courtesy of bond and investment house Guggenheim Partners, entitled, "The Long Road to Recovery".

Before the last major financial crisis, supranational banking institutions such as the IMF or the World Bank often release general forewarnings about the deleveraging and bankruptcy events about to hit the fan.

Be it before this 2020 US election or in the perhaps the turbulent months that follow. 

One way or another, more ∞QE and stimulus are coming to further ramp silver prices and gold prices.

To begin this week, take a look at that second headline illustrated here, which states, "The Dow is now positive for 2020".

Shocking news last night, we learned that US President Trump and his wife Melania have tested positive for Covid-19.

Today, “Out of an abundance of caution, and at the recommendation of his physician and medical experts, the president will be working from the presidential offices at Walter Reed Military Medical Center for the next few days,” Press Secretary Kayleigh McEnany said in a statement today. 

Ultimately the devaluation of the fiat Federal Reserve note’s purchasing power is likely our easiest way out of the record debt and unfunded liability mess we have increasingly grown since Kyle Bass spoke these pointed words in November 2011.

Bombastic bearish fiat Fed note headlines such as this by mainstream economists on mainstream financial media merely is conditioning us all for the coming fiat Fed note devaluation endgame of the debt supercycle.

And you all are failing at both of those charges here in the year 2020.

Since the US Congress essentially had a coup with the passing of the Federal Reserve Act on December 23rd, 1913.

The sovereign Constitutional stores of the value of our nation (gold and silver), have gained tremendous value over the last 107 or so years versus inferior currencies designed to lose value over the long haul.

We continue to await a coming wall of bankruptcies and write-downs still unfolding from the viral economic lockdowns and ongoing tepid consumer spending response. 

Collapsing commercial real estate cash flows could implode the derivative markets. Too increasing record debt levels amongst governments, corporates, and consumers essentially guarantee a coming alignment where all three need even more ∞QE support—leading to higher inflation rates—leading to more fiat currencies all bleeding in value versus silver bullion, gold bullion further.

Herd instinct in finance, or in human behavior in general, is a phenomenon where people follow what they perceive other people are doing.

Rather than fully rely on their own judgments or analysis. People who exhibit herding instincts will gravitate toward the same or similar investments based almost solely on the fact that many others are supposedly doing the same thing.

After we get through some of the Federal Reserves’ faith-based talking points, we will have a significant update on COMEX fractional reserved gold and silver markets to close.

Now back to Chair Powell addressing the last time the fiat Federal Reserve Note got knocked out by an exponential gold spot price in late Jan 1980, now over 40 years ago.

The scale and speed of change that the world is now undergoing is nearly impossible to fully comprehend.

The viral crisis, seemingly endless economic lockdowns, and select infinite bailout programs are ushering in the fastest and largest consolidation in our economic history. The long term ramifications of changes afoot are yet to be fully understood, and they will surely mark a sea change in our collective history.